While spot container freight rates have stopped plunging in recent weeks, but there is little for lines to cheer about as they blank large numbers of Asia – US West Coast services ahead on Chinese New Year.Analyst Drewry’s World Container Index (WCI) remained largely stable over the past week $2,132.49 per feu on Thursday, down 0.1% on the previous week, which had seen the first rise in the index for some 43 weeks.“The latest Drewry WCI composite index of $2,132 per 40-foot container is now 79% below the peak of $10,377 reached in September 2021. It is 21% lower than the 10-year average of $2,695, indicating a return to more normal prices,” Drewry commented.Related: Container spot freight rates rise for first time in 43 weeksBut while spot rates have finally flattened out there as lit...